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my question is this fiscal cliff that we are approaching. if president obama allows it to happen, what kind of catastrophe are you talking about? i'm kind of concerned? so negatively will this affect the industry? how bad will it really be out there on wall street and main street? >> guest: well, let's say there are a bunch of people where the congress is
my question is this fiscal cliff that we are approaching. if president obama allows it to happen, what kind of catastrophe are you talking about? i'm kind of concerned? so negatively will this affect the industry? how bad will it really be out there on wall street and main street? >> guest: well, let's say there are a bunch of people where the congress is
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cliff and he slipped and said something else that i will not say. i just want to know if anybody else caught it besides me? >> a lot of people did. you know, okay if you do two shows a day, that is going to happen. and by the way i'm not even sure what i said. but there are two versions of it. there is one that is profane and there is one that is really biological. it was such an obvious slip of the tongue. [laughter] this is the reagan library, people. you make me sick. >> real quick, we will go appear on the balcony. >> hi. i am a young boys are big fans of yours. i have my 13 and 10-year-old watching you you every day. >> where are you? >> i am over here. [laughter] actually when i told them i was coming to see you, they wanted to come too. they are big fans. >> that is perfectly fine. you are a terrible mother for coming here and leaving your kids alone. >> well, duct tape. >> duct tape works. >> believe me, they use it for many things. >> you know that's why they invented it. you would have been in trouble. so they called it that they. >> i hav
cliff and he slipped and said something else that i will not say. i just want to know if anybody else caught it besides me? >> a lot of people did. you know, okay if you do two shows a day, that is going to happen. and by the way i'm not even sure what i said. but there are two versions of it. there is one that is profane and there is one that is really biological. it was such an obvious slip of the tongue. [laughter] this is the reagan library, people. you make me sick. >> real...
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. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on booktv's index. the senator has written several books and reports including his latest, the debt bomb. join our freedom our conversation with calls, e-mails and tweets comical doctor and author and senator tom coburn at noon eastern on booktv's in depth on c-span2. >> now on booktv thomas stanton argues the difference between companies that successfully made it through the 2008 financial crisis and those that didn't was willingness of upper management to listen to feedback before making decisions. this is about an hour and 15 minutes. >> good afternoon and welcome to the cato institute's. i'm the director of financial regulations, mark calabria and i am moderator of today's book form. when reading press coverage of a financial crisis one constantly comes across phrases like the banks did this for the banks did that. lost in these generalities, there was no one responds to the financial crisis or events that preceded it. different firms took a differen
. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on booktv's index. the senator has written several books and reports including his latest, the debt bomb. join our freedom our conversation with calls, e-mails and tweets comical doctor and author and senator tom coburn at noon eastern on booktv's in depth on c-span2. >> now on booktv thomas stanton argues the difference between companies that...
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the fiscal cliff is a problem. you go over the cliff and the consequences can be beautiful% of gdp growth due to automatic cuts by six or $700 billion. the day after that, the market could fall seven or 800 points but washington will get the message. what i fear and what i think is the risk is that they will fix it with a patch that is short-term, it's not substantive, it doesn't have a lot of nutritional content to it and we are going to be right back in again and again. markets will lose confidence. we will gradually lose our global credibility as an economic leader. we might see our credit rating damaged more over time. and it is the slow defense of the united states that is the real risk. the fiscal cliff is something that can be fixed fairly easily. >> host: finally, i would like to go back, david rothkopf come to your comments about government. national government being neanderthal it. there was a throwaway line of sight while we are still organized as nation states economically. again, where we going in the
the fiscal cliff is a problem. you go over the cliff and the consequences can be beautiful% of gdp growth due to automatic cuts by six or $700 billion. the day after that, the market could fall seven or 800 points but washington will get the message. what i fear and what i think is the risk is that they will fix it with a patch that is short-term, it's not substantive, it doesn't have a lot of nutritional content to it and we are going to be right back in again and again. markets will lose...